Articles tagged with "Industrial"

Paulyne Cadieux, General Manager of Transal, notes that the industry is facing a turbulence stronger than in previous years. Transal, which gathers aluminum manufacturers and suppliers, aims to support their technical, technological, and commercial development. The organization is crucial in fostering innovation to tackle current industry challenges. Technological solutions are essential for the industry's resilience.

The Bécancour industrial park plans to add a multifunctional path within two to three years, restoring a cycling route for the community. The previous path was dismantled due to the battery industry's arrival in 2022. This project aims to enhance local infrastructure while addressing community needs.

ADF Group Inc., a steel structure company based in Terrebonne, Quebec, has reached an agreement to acquire Groupe LAR Inc. for $19 million in a combination of cash and shares. Groupe LAR, established in 1942, specializes in the design, manufacture, and installation of mechanically welded steel structures, particularly for the hydroelectricity market. This acquisition will likely bolster ADF Group's offerings in the industrial steel structure sector, particularly within the energy infrastructure area.

The Quebec government has filed a motion in Quebec Superior Court to have the North American branch of Swedish battery manufacturer Northvolt declared insolvent. This move is part of the province's efforts to recover some of the more than $260 million it has lost in a failed electric-vehicle battery project. The motion underlines the financial difficulties faced by the company and its significant debts. This legal action reflects Quebec's strategy to address its financial exposure related to Northvolt's operations.

Luc Poirier suggests that the government could make a higher profit if it waits a few years before selling the land intended for the Northvolt factory. By holding onto the property, the value may increase, offering the government a better return on investment in the future. This implies potential strategic planning in managing government-owned real estate assets for industrial projects.

The Quebec government has ended its financial support for Northvolt Batteries North America's project to build an electric vehicle battery manufacturing plant in Saint-Basile-le-Grand and McMasterville. The decision comes after Northvolt failed to present a satisfactory plan. Despite the setback, Quebec affirmatively continues to invest in the battery sector. The government had spent $510 million, with $270 million lost, and plans to reassess the use of energy allocated for other projects.

GE Vernova is expanding its hydropower turbine manufacturing facility in Sorel-Tracy, Quebec, with a $16.2 million investment, supported by a $2.5 million loan from the Quebec government. This expansion aims to modernize and reconfigure the mechanical workshop to increase productivity and create 28 new jobs while securing 75 existing positions. The project aligns with Quebec's economic goals by promoting modernization and international competitiveness. GE Vernova is recognized for playing a significant role in global energy transition efforts.

In June, investment in building construction in Canada increased by $454.4 million to reach $22.7 billion, with the residential sector experiencing a 3.1% growth compared to May. The multi-unit residential segment drove this growth with a 4.2% increase, though non-residential construction saw a slight decline of 0.5%. Investments totaled $67.4 billion for the second quarter, remaining stable compared to the previous quarter, while year-over-year growth was marked at 8.5%.

The promoters of a liquefied natural gas (LNG) project in the Côte-Nord region have been actively engaging with the Legault government for several months. Since the start of the year, the company has presented its project to at least three ministries and two state corporations. This engagement indicates a push to gain governmental support and clearance for the project. The project could have significant economic implications for the region.

The Bureau d'audiences publiques sur l'environnement (BAPE) has announced the start of a public information period regarding a terrestrial fish farm construction project in Baie-Trinité by AquaBoréal Inc. A public information session will be held on September 3, 2025, allowing the public to learn more about the project and its environmental impacts. The public can also access documentation online and at the municipal office. Requests for public consultation on the project's social, ecological, and economic aspects must be submitted by September 19, 2025.

The government of Québec has invested $4.5 million to support the Quebec Center for Aluminium Research and Development (CQRDA). This funding is aimed at boosting innovation by implementing new technologies in aluminum production and processing plants. The initiative is intended to help Québec maintain its competitive edge in the aluminum industry by improving productivity through automation and advanced digital technologies. The CQRDA will work alongside companies to develop innovative projects, supporting over 30,000 jobs in the sector.

The Quebec government is investing $2 million to support urgent restoration and compliance work at La Pulperie de Chicoutimi. The funding is aimed at updating electrical systems, climate control systems, wall sealing, and restoring doors, windows, and masonry at the 1921 building, which belongs to a heritage site. This effort highlights Quebec's commitment to preserving cultural heritage and ensuring the site remains a valuable cultural institution. The city of Saguenay is also contributing $500,000 to this project.